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Fed's Barr: We'll look at data and make meeting-by-meeting judgement on rates

"We will be looking at incoming data, financial conditions to make a meeting-by-meeting judgement on rates," Federal Reserve Vice Chair for Supervision Michael Barr said on Wednesday, as reported by Reuters.

Key takeaways

"it's fair to ask if the supervisors of SVB could have been more aggressive."

"We have substantial authority to supervise firms in an appropriate way."

"A tiering approach makes sense."

"But we do need stronger rules on capital and liquidity for banks of $100 bln and up."

"Monetary policy decisions were well-telegraphed and essential to meet mandates."

"Bank management failed to manage straightforward interest-rate risk."

Market reaction

The US Dollar Index clings to modest daily recovery gains at 102.70 following these comments.

Gold Price Forecast: XAU/USD to retest record highs of 2020 and 2022 on a break past $2,000/10 – Credit Suisse

Gold remains below its $2,070/2075 record highs and has started a short-term consolidation. A sustained move above $2,000/10 is needed to reinvigorat
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USD/MXN dives to new lows below 18.50, despite a strong USD

The USD/MXN continues its free-fall during the week, down 1.45% since Monday, registering five days of consecutive losses. Sentiment improvement, and
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